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Elucidate why did Professor Williams invest additional resources to make this class an effective one. He could have received the same pay for doing considerably less work.
If the supply of labour is monopolized, explain how many workers are supplied in order to maximize the wage bill. Illustrate what is which wage.
Which system will induce over fishing in the sense which more resources will be devoted to catching fish than the extra fish caught are worth.
Suppose which the governmental authorities wished to decrease use of a pesticide which is leaching into groundwater supplies in a watershed by 60% from current use levels.
Elucidate why a monopolist will never set a price also produce the corresponding output at which the demand is price-inelastic.
Illustrate what do you predict will happen to the structure of competition also to the price in this marketplace whenever the patent expires.
Compute the pizza shop's marginal costs also marginal revenue level of output. Illustrate what is the profit maximizing rate of output for the pizza shop.
Elucidate why might the existing industries in a cartelized industry prefer to be regulated by the government.
Elucidate why is it not surprising to find which in an oligopoly which sells a basically undifferentiated product like chicken growth hormone all the industries change prices simultaneously, even if
Illustrate what is autarky price also quantity equilibrium for both home also foreign? Illustrate what is the open trade price also volume.
Impact of unionization in a given scenario also evaluation of profitable investment with a given interest rate.
Suppose which the soft coal industry is a competitive industry also it is in long run equilibrium. Now suppose which the industries in the industry form a cartel.
Calculate total revenue, marginal revenue, total cost and profit at each quantity. What quantity would a profit-maximizing publisher choosend profit at each quantity. What quantity would a
Suppose that an industrial union's primary purpose is to raise the wages of its members above the competitive level. Elucidate on a theoretical level how this increase might be accomplished.
Compute total revenue, marginal revenue, marginal cost, and average total cost of this natural monopoly.
When the marginal product also the average product are similar the average product is at a maximum.
Assume that United Airlines knows that it faces the following demand equations and corresponding marginal revenue equations for its one-way SFO to Las Vegas route.
Elucidate why a monopolist will never set a price and produce the corresponding output at which the demand is price-inelastic.
Suppose that the soft coal industry is a competitive industry and it is in long run equilibrium. Now assume that the firms in the industry form a cartel.
Elucidate how the marketplace will adjust in the long run and draw a corresponding graph for the representative firm in the long run.
Assume that Florida migrant workers are effectively unionized. Illustrate what will be the impact of the unionization.
In a monopolistically competitive marketplace, company that innovate successfully can increase their economic profits and lock in higher market shares over the long run.
The government imposes a fixed tax of $20 on the profits of the company. Would this tax affect the decisions of the company in the short-run and long-run.
Describe the profit-maximizing prices both firms will charge. Compute the price-cost margin for each firm and indicate which has more pricing power and why.
If the cost of manufactured goods increases to $6 a bushel (a rise of 50%), the parity price of corn also rises by 50% - to $4.50 in this hypothetical example.